This Week’s Vendor News

NEW & UPDATED PRODUCTS

BlackRock launches eFront Provider. The eFront Provider solution streamlines processes for fund admins by digitizing manual tasks, freeing up valuable resources, and allowing users to focus on business growth. By providing an integrated view of documents and data, the platform enhances transparency across all parties involved and improves the end-client experience as they conduct their oversight duty. Apex Group has been onboarded as the first eFront Provider client. The eFront Provider product establishes an interconnected, two-way data flow between Apex and its clients. ↗

Robin AI introduces Reports Builder. This updated version of Robin Reports allows a company to audit thousands of documents, with results in minutes — saving lawyers many hours of work each year. Legal and investment teams can now build their own reports within the Robin AI web platform, including from a new template library. Reports also: 1 - uses Anthropic’s latest Claude Sonnet 3.5 models, 2 - works on any type of legal document, 3 - is optimized for more uses including Due Diligence Reports on Supplier, 4 - Agreements and Lease Agreements, and Audit Report on NDAs, 5 - allows each contract to be searched again and again, and according to new criteria. ↗

iCapital launches Multi-Investment Workflow, which allows financial advisors to process multiple investments in a single, unified process. Previously, financial advisors using iCapital Marketplace had to follow a multi-step process to subscribe to the different investment products available on the platform, with individual subscription documents and marketing materials emailed to clients. The Multi-Investment Workflow tool can bundle multiple investment products into a unified trade order with an e-signature capability and all-in-one client communication. Additionally, the tool uses intelligent automation to pre-populate fund recommendations and recommended percentage weightings for those funds for advisors using iCapital’s model portfolio. The Multi-Investment Workflow tool, which has been in beta testing for about five months, is now available to financial advisors using iCapital’s Marketplace and iCapital Model Portfolio. ↗

FactSet introduces Carbon Diagnostics Powered by Emmi. The FactSet Carbon Diagnostics Powered by Emmi provides institutional investors and asset owners with scalable and transparent carbon risk data and quantitative analysis sourced from Emmi, a carbon risk management company. FactSet clients will now be able to manage transition risk, fulfill climate reporting requirements, and determine the impact of carbon constraints to drive portfolio performance and move towards a compliant, low-carbon business strategy. Emmi provides timely carbon risk data and analytics via FactSet’s unified investment platform, allowing FactSet clients to assess the carbon footprint of the firms they hold in their portfolios and enhance their decision-making through carbon risk assessments and climate exposure metrics. Access to these insights enable clients to generate customized and regulatory-compliant reports, conduct stress-testing and market research, and design portfolios to make informed investment decisions. ↗

MSCI has introduced its enhanced Private Capital Cash Flow Forecasting Solution. The updated solution integrates both existing and hypothetical allocations for analysis. The upgraded model is designed to address limitations of the traditional Takahashi-Alexander approach by introducing perpetual forecasting along with time-varying distribution and growth rates leading to greater flexibility. ↗

Validus Risk Management launches complex ISDA terms monitoring and management tool. The ISDA Ops solution is aimed at automating the calculation and monitoring of complex ISDA Additional Termination Events and Credit Support Annexes Thresholds.The solution provides a scalable approach to constructing ATE and CSA Threshold conditions. The new platform enhances efficiency by simplifying the management of ISDA and CSA terms, offering a streamlined approach for handling counterparty and liquidity risks. Key benefits of ISDA Ops include: 1 - Automated Tracking and Calculation. 2 - Real-Time Risk Management. 3 - Enhanced Reporting. 4 - Scenario Analytics. Additionally, ISDA Ops integrates with Validus’ Horizon platform, which includes RiskView, TradeView and PortfolioView. ↗

Ontra launches AI Search for complex legal agreements. Ontra's Synapse-powered Insight platform now lets users ask questions about complex contracts and get real-time, actionable answers. Ontra’s users can save time and money by using AI Search accurately surface knowledge hidden in complex legal agreements, including LPAs and side letters. AI Search adds an interactive and conversational search experience to Insight’s purpose-built data architecture. ↗

Attio launches the ability to preview attribute updates. Users can now preview attribute updates when re-syncing the browser extension with any integration, giving them complete control over their data. Users just need to toggle the proposed updates on or off before accepting any changes. ↗

Owlin has unveiled the three latest updates to its platform. 1 - Improved Product: Newsletter - Now users can explore news stories in detail and access related news timeline, which gives users access to a broader view of their risk landscape. 2 - Improved Product: Login Screen and Process - Owlin has simplified the login procedure while enhancing security by eliminating passwords. Now users will receive a one-time confirmation code via email each time they log in. 3 - Improved Feature: Cases User Experience. - improved user experiences that make it easy to share insights and make decisions collectively. ↗

Anaplan launches Anaplan Data Orchestrator. ADO is an enterprise-ready data integration, transformation, and management product to help with decision-making. ADO deals with the data orchestration needed for scenario planning, analysis, financial close and consolidation, by: 1 - Connecting to third-party applications and data sources to bring data into an Anaplan environment via a no-code interface. 2 - Transforming this source data into a structure and format needed for Anaplan models through native conversions that are saved and automatically repeated. 3 - Storing the transformed data in a single place to simplify the monitoring, management and distribution of the data to all existing planning models as well as new ones. 4- Disseminating lists, hierarchies and data into Anaplan models from a single source of business data truth. 5 - Visualizing the data as a map, from sources through to Anaplan models, showing complete data lineage and transformations. ↗

PARTNERSHIPS & INTEGRATIONS

Bipsync and Holland Mountain forge strategic partnership to bring research management, data solutions, and workflow automation best practice to private markets clients. Under this partnership, Holland Mountain will offer implementation support and project management for Bipsync clients. This alliance provides a seamless integration process and ongoing support, enabling firms to achieve enhanced decision-making and reporting efficiency. ↗

abrdn extends its long-term transfer agency relationship with SS&C Global Investor and Distribution Solutions for its UK, Luxembourg and Singapore fund ranges. SS&C already provides transfer agency services for abrdn's OEIC and Life funds and SS&C's Luxembourg team supports abrdn across liquidity and Société d'investissement à Capital Variable (SICAVs) funds. abrdn also leverages SS&C GIDS for its US funds. The latest contract includes enhanced servicing to provide responsiveness to investors in abrdn's Luxembourg-domiciled funds. SS&C is partnering with abrdn to simplify client reporting, and enhance AML services to support their fund range. Additionally, SS&C is partnering with abrdn to enhance the services available through digital channels for SS&C's Singapore business. ↗

Deloitte accelerates global ESG reporting efforts with Salesforce. Deloitte has implemented GreenLight powered by Salesforce — a solution that combines Salesforce Net Zero Cloud with Deloitte’s proprietary technology — to help meet its sustainability goals. GreenLight powered by Salesforce, which is a part of GreenLight Solution by Deloitte, enables businesses to manage their ESG performance and reporting by providing capabilities to support requirements across the data collection and reporting lifecycle. ↗

Citco Loan Services is partnering with LongWater to support the growth of their Capital Solutions strategy.⁣ Citco will provide operational support allowing the LongWater Capital Solutions deal team to focus on sourcing and executing opportunities in the lower middle market.⁣ ↗

Mend.io and Invicti have joined forces to bring users a DAST integration. Together, Mend.io and Invicti will deliver security coverage from code to runtime, enabling companies to build proactive and mature AppSec programs. ↗

CapIntel partners with FactSet to enhance the wealth management experience. Within the FactSet Workstation, advisors can now create and share CapIntel’s digital, compliant, and personalized proposals for a seamless workflow and user experience. FactSet’s Workstation provides advisors with data and analytics that allow clients to make informed investment decisions. Now, with CapIntel digital proposals easily available, creating personalized experiences for clients will be more accessible, transparent, and comprehensive than before. Additionally, CapIntel presentations are now available to advisors on the FactSet Workstation. ↗

Q21 Capital has partnered with Vestlane. Vestlane now powers Q21's investor onboarding process to provide a seamless and compliant experience. ↗

SEB implements Broadridge’s International Post-Trade Processing Solution. Skandinaviska Enskilda Banken AB is now leveraging Broadridge’s international post-trade processing solution to simplify and streamline its securities business across international and domestic markets. SEB is an established client of Broadridge’s front and middle office solutions for order management, trade execution and allocation, and has now extended for post-trade processing. The bank now benefits from a strategic front to back-office infrastructure that simplifies and optimizes trading workflows and operations across international markets with solutions that deliver efficiency and scale in the securities trade lifecycle. ↗

OFFICE & PERSONNEL

Moonfare apppoints Alba Brasó as its new VP of People and Culture. With previous HR experience, Brasó is responsible for strengthening the culture and people practices at Moonfare. ↗

SEI has opened its new office in Dublin. This move reinforces the company’s commitment to the European market and focus on driving strategic growth globally. Located at One Charlemont Square, the office is now SEI’s largest in Europe with more than 400 employees servicing its European clients. ↗

Jeremy Rosenthal is the new Executive Director, Sales/Business Development at S&P Global Market Intelligence. Previously, Rosenthal was the Director, Private Markets Director and has been with the company since it merged with IHS Market in 2022. Rosenthal also spent time at Mercatus, Ipreo and Axial. ↗

Finquest expands into Dallas, Texas, its 10th global office. This marks Finquest's third North American office in four years, following the launches of the New York and Toronto hubs. The decision to expand into Dallas highlights both the growth of Finquest and the demand for AI-powered deal sourcing solutions across the region. ↗

Adam Steinhaus is the new Head of Business Development, Americas at SimCorp. Before joining SimCorp, Steinhaus was the Chief Revenue Officer at Arootah and at Boosted.ai. He also spent He also spent six years at FactSet, most recently as Director, Global Head of Sales & Client Services, Front Office Solutions. ↗

Bunch has welcomed new team members to the company. Paulina Capurro Boltendahl is a Marketing Lead. Clara Mailley is a People Partner, Atakan Arıkan is an Engineering Manager, Lucy Hunt is an Account Executive, Ayra S is an Account Manager and Cedric Lück is a Analytics Engineer. ↗

David Heath recently started a new job as the Relationship Manager at Anduin Transactions. Before joining Anduin last month, Heath spent time at Atominvest, Silverfin and Preqin. ↗

Kelley Conway has expanded her role at Northern Trust, now serving as the Executive Vice President - Head of Strategic Change, Data and Digital. Conway announced that she is adding responsibility for Enterprise Change Management and Enterprise Productivity to her position. ↗

Dealstack has welcomed two new hires. Malcolm Garner has joined the team as a Senior Software Engineer. Garner, with a background in software development and team leadership, will play a role in expanding Dealstack's product offerings and delivering solutions. Dealstack has also introduced Tony Mack as another Senior Software Engineer. Mack brings experience from his previous roles in the tech and finance sectors. He will play a role in bringing new products and features to its customers. ↗

Datasite has opened its new São Paulo office, located in the Faria Lima district. This strategic expansion brings Datasite closer to its clients and reinforces its commitment to invest in the region. ↗

VENDOR RESEARCH & WHITEPAPERS

CEPRES has a new blog, "Forecasting Private Equity Fundraising". In this blog, CEPRES explains why it feels that fundraising forecasting can help optimize fund performance across multiple dimensions, contributing to overall strategy and performance. ↗

Goji has a new article, "The future of investor onboarding: Embracing the power of digitization". In this article, Goji goes over why it feels that manual onboarding is hindering private market funds and 5 benefits of digitizing the investor onboarding process. ↗

Green Project Tech has a new blog, "Driving Sustainability: Engaging Suppliers on the Journey to Net Zero". This blog discusses the complexities of supply chain sustainability, the role of technology, and how to keep suppliers motivated and not overwhelmed . ↗

AlphaSense has a new blog, "6 Ways to Accelerate Venture Investment Research". In this blog, AlphaSense explores 6 Ways to accelerate venture investment research, which helps users make informed decisions efficiently and effectively. ↗

Open VC has a new blog, "Accounting 101 for Founders: the OPERATOR model". In this blog, Open VC breaks down its Accounting 101 guide ( OPERATOR model ) that each founder should know. OPERATOR stands for: O : Organization Structure, P : Payroll/Employees, E : Equity, R: Records/ Systems, A : Accounting Methods (Cash vs Accrual), T: Taxes, O: Outsourced Bookkeeper and R : Risk Management. ↗

Inrate has a new blog, "Impact of AI on ESG Assessment: What Asset Managers Need to Know". In this blog, Inrate goes over why it feels that with AI tools, asset managers can gain valuable insights into the ESG performance of companies, which helps them make more informed investment choices, facilitate regulatory compliance, and safeguard investments from potential risks. ↗

Grandview Analytics has a new blog, "Best practices for data democratization in asset management". In this blog, Grandview goes over six best practices for data democratization. ↗

Alkymi has a new blog, "Speed up CIM review with LLMs". In this blog, Alyki explains why it feels that LLMs can transform a firm’s deal review workflows so users can act on critical deals ahead of competitors. ↗

Grata has a new blog, "How AI is Revolutionizing M&A: Key Insights and Future Trends". This blog explores how AI is changing the M&A industry and how firms can leverage the tech to gain a competitive edge. Grata also discusses the trends shaping the future of AI's role in M&A and the challenges firms need to be aware of. ↗

AWARDS

The Winners of Private Equity Wire’s US Awards for 2024 have been announced.

Winners from our Vendor Profiles database include:

LemonEdge - Accounting and Reporting Solution of the Year
RepRisk - Data Provider of the Year: ESG
S&P Global Market Intelligence - Data Provider of the Year: Overall
Sourcescrub - Deal Origination Technology of the Year
Novata - ESG Solution Provider of the Year
IQ-EQ - Fund Administrator of the Year: Large Managers
Altvia - Fundraising Solution of the Year
Dasseti - ODD Solution of the Year
Atominvest - Portfolio Management Software of the Year
Kroll - Regulatory & Compliance Firm of the Year
Validus - Risk Management Software Provider of the Year
+SUBSCRIBE - Secure Work-flow Management Provider of the Year
Maestro - Start-Up Solution of the Year

Congrats to all the Winners! ↗